
Home Reversion Plan
The Home Reversion Plan differs to a Lifetime Mortgage as it allows you to sell all or a part of your property to a home reversion provider.
Typically the provider will offer 20% to 60% of the market value for the part you sell or for the full property.
Once the Home Reversion Plan has been agreed you can choose to receive a cash lump sum or regular instalments.
You have the right to remain in the property until you die or move to long term care, at which point the property will be sold to repay the loan and any interest.
There are many different options available with both of these Equity Release Plans.
Working alongside leading, nationwide industry specialists who are registered with the Equity Release Council, we can ensure that your current and future needs are matched with the right type of equity release plan.